All news: page 66

Moscow. PAO Transneft says Aleksandr Novak, Minister of Energy of the Russian Federation, has been elected as Chairman of the Company’s Board of Directors. Ilya Klebanov, Chairman of the Board of Directors of Sovcomflot, appointed as Independent Director of the Company.
The Board ...

New Delhi. India cabinet on Wednesday allowed oil and gas producers to explore for shale oil and gas and coal bed methane under the existing contracts, a move aimed at unlocking the unconventional hydrocarbon potential of the world’s third-biggest oil importer.
The policy would help ...

Minsk. On 1 August 2018 Belarus reduced customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is laid down by the Council of Ministers' resolution No. 571 of 28 July 2018, BelTA learned from the ...

Moscow. Oil prices declined in July against the background of the OPEC+ decision to increase production and market concerns regarding global growth prospects because of initiated trade wars, the Russian Ministry of Economic Development said in its review on Wednesday.
"Oil prices ...

Tokyo. Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in U. S. crude inventories and renewed concerns over trade friction between the U. S. and China.
Brent crude futures LCOc1 were up 40 cents, or 0. 6 percent, at $72. 79 a barrel by ...

Moscow. LUKOIL commenced production of polymer modified bitumens (PMBs). This is stated in the press service of the company.
New products are adjusted to the Superpave innovative technology, which makes it possible to construct heavy duty road surfaces, designed to withstand various ...

Moscow. The global oil market is approaching stability based on current levels of oil production following the recent OPEC agreement and not OPEC to increase production. This was stated on Wednesday by the Minister of Oil of Kuwait, Bahit al-Rashidi.
“It is clear today based on the ...

London. Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles. This was reported on Wednesday in the media.
It is the first time parliament has summoned Rouhani, ...

Washington / Beijingþ. US stocks recovered on Tuesday following the publication of a report that Washington and Beijing are seeking to de-escalate the trade spat that could rock the global economy. All the three key US indices – the Nasdaq, Dow Jones and S&P – were trading in the ...

Baku, Azerbaijan. The European Commission will allocate 5 million euros worth grant for the Trans Anatolian Natural Gas Pipeline ( TANAP ), which is a part of the Southern Gas Corridor, envisaging transportation of Azerbaijani gas to Europe. About it it is spoken in the message of consortium ...

Tokyo. Oil prices fell on Wednesday after industry data showed U. S. stockpiles of crude unexpectedly rose, starting the new month in negative territory after the largest monthly decline in two years in July. October Brent crude futures dropped 30 cents, or 0. 4 percent, to $73. 91 a barrel ...

Astrakhan. LUKOIL completed transportation and started installation of the substructure for the wellhead platform (mini offshore ice-resistant fixed platform) at the Vladimir Filanovsky field in the Caspian Sea. This is stated in the press service of the company.
The wellhead platform is ...

Gomel. Belarusneft has built another exploration well in the Yamal-Nenets Autonomous District. This was reported in the press service of the Belarusian industrial group told BelTA.
Prospecting well No. 829 has been built in the Metelnoye field deposit. Plans to build it had been prompted by ...

Baku, Azerbaijan. The Trans Adriatic Pipeline (TAP) is strategic work in terms of energy supply to Italy. This was said by Italian Prime Minister Giuseppe Conte during a joint press conference with US President Donald Trump in Washington.
“I discussed this with President Trump and I ...

Sevastopol. Russian Prime Minister Dmitry Medvedev noted that the most difficult stage of Crimea’s integration into the Russian economic and infrastructural space has been completed. He stated this at a meeting on the socio-economic development of the Crimea and Sevastopol.
"Today ...

Tokyo. Oil prices slipped on Tuesday after a report showed that OPEC production reached a 2018 high in the month of July. 7 cents to $74. 90 a barrel by 0109 GMT, after rising 68 cents, or 0. 9 percent, on Monday.
U. S. West Texas Intermediate crude futures (WTI) were down 6 cents at ...

Brussels. Euro zone economic sentiment edged lower in July, pulled down by less optimism in industry and the retail sectors, despite a better mood in services, a monthly survey by the European Commission showed on Monday.
The Commission survey showed the economic sentiment indictor for the ...